Business

Latest Business News in Iran – News and reports about all things to do with commerce, trade, banking and industry in Iran and the world. Covering ongoing developments, market news, contracts, joint ventures, trade delegations, chambers of commerce, manufacturing, labour news and resource management.

Judiciary

Iran Supreme Court acquits former central bank governor

IFP Editorial Staff -
Iran's Supreme Court has acquitted former Central Bank governor Valliollah Seif and his deputies who were convicted in October of squandering millions of dollars in public funds.
Finance

Iran’s trade with neighbors reach $33bn in eight months: official

IFP Editorial Staff -
Iran’s trade with neighboring countries has touched the $33 billion mark over the past 8 months.
IFP Exclusive

Iran, Hungary ink MOU on economic cooperation

IFP Editorial Staff -
Iran and Hungary have signed a memorandum of understanding on bilateral economic cooperation.
Economy

Iran aiming for doubling trade with neighboring countries

IFP Editorial Staff -
Iran’s deputy foreign minister for economic diplomacy says the government is planning to double trade with neighboring countries.
Energy

Iran set to boost energy cooperation with Azerbaijan republic, Russia

IFP Editorial Staff -
Iran says it stands ready to jointly construct power plants with the Azerbaijan Republic.
Economy

Iran Speaker calls for removal, neutralization of sanctions

IFP Editorial Staff -
Iran's Parliament Speaker Mohammad Bagher Ghalibaf says the Islamic Republic should focus on removing and neutralizing Western sanctions.
Economy

Iran, India, Uzbekistan discuss facilitating product transit through Chabahar port

IFP Editorial Staff -
Iran’s Deputy Minister of Roads and Urban Development says the Islamic Republic welcomes Uzbekistan’s approach to using the capacity of the Iranian port city of Chabahar to develop trade and investment in Shahid Beheshti port, in southeast Iran.
IFP Exclusive

Iran displays products of knowledge-based firms

IFP Editorial Staff -
Iran has put on display selected products of knowledge-based companies in different fields including oil, gas, petrochemical, and mining industries as well as advanced technologies.
IFP Exclusive

Iranian company selected as top exporter of year

IFP Editorial Staff -
The National Export Day of the solar year 1400 marked a good event for Iran’s technology and innovation ecosystem, and it was the selection of a knowledge-based company as the top exporter of the year.
IFP Exclusive

Iran knowledge-based ecosystem capable of making inroads in export markets

IFP Editorial Staff -
Iran’s Vice President for Technological and Scientific Affairs Sorena Sattari has said domestic sanctions are a bigger obstacle than foreign bans, adding that each new license is a hurdle to the production, export and development of knowledge-based products.
IFP Exclusive

Iranian, Turkmen presidents talk bilateral ties

IFP Editorial Staff -
The presidents of Iran and Turkmenistan have underlined the need to strengthen border cooperation and facilitate exchange of goods. Seyyed Ebrahim Raisi and Gurbanguly Berdimuhamedow also stressed the necessity of increasing trade cooperation in order to boost bilateral relations.
Economy

“Govt. budget pushes economy to brink, raises pressure on people”

IFP Editorial Staff -
Iran’s government has been warned that the next year’s budget’s almost 73% increase in income from tax and customs duties push the economy to the brink of recession and puts further pressure on the livelihood of people.
IFP Exclusive

Iran envisages exporting 1.2m barrels of crude daily

IFP Editorial Staff -
Iran’s IRNA News Agency says under the country’s budget bill for the next fiscal year starting March 21, 2022, oil exports will be estimated at 1.2 million barrels per day.
Economy

Raisi urges focus on domestic potential as he presents budget bill to MPs

IFP Editorial Staff -
Iranian President Seyyed Ebrahim Rasisi says the next year’s budget will concentrate on promoting production and jobs, calling for a focus on domestic potential.
IFP Exclusive

“Iraq pays part of $7bn debt to Iran”

IFP Editorial Staff -
The head of the Iran-Iraq Joint Chamber of Commerce says part of Iraq’s $7 billion debt have been received from Baghdad.
IFP Exclusive

“Good news on the way about neutralization of sanctions”

IFP Editorial Staff -
Iranian Foreign Ministry spokesman Saeed Khatibzadeh says some good news is on the way regarding neutralizing anti-Iran sanctions.
Media Wire

Iran says UK discussing how to repay £400m debt

IFP Media Wire -
UK government officials were in Tehran last week discussing legal ways to pay Britain’s historical £400m debt to Iran, the Iranian ambassador to London has said.
IFP Exclusive

Five arrested in Iran for destabilizing foreign exchange market

IFP Editorial Staff -
Iran's Intelligence Ministry has arrested five persons accused of destabilizing the country's foreign exchange market.
IFP Exclusive

Billions of dollars in frozen Iranian assets unlocked

IFP Editorial Staff -
Iran’s Deputy Foreign Minister for Economic Diplomacy has said 3.5 billion dollars in frozen Iranian assets was recently unlocked. Mehdi Safari noted that Iran has held positive talks with countries where Iranian assets are frozen.
Media Wire

UK says wants to pay £400 million ‘we owe Iran’

IFP Media Wire -
UK Foreign Secretary Liz Truss says the £400 million that Britain owes Iran is a “legitimate debt” that London wants to pay.
Energy

Iran MP: Oil sales considerably increased in recent months

IFP Editorial Staff -
A member of the Presiding Board of the Iranian Parliament’s Energy Commission said Iran's oil exports have increased significantly, citing reports from international institutions and oil tanker tracking companies.
IFP Exclusive

Iran, Azerbaijan Republic to build border road bridge

IFP Editorial Staff -
Iran and the Republic of Azerbaijan have reached an agreement to construct a road bridge on the Astarachay River on their border.
Transportation

Russian official: North-South Corridor vital for cooperation with Iran

IFP Editorial Staff -
A Russian trade official has described the north-south transit corridor, a major portion of which passes through Iran, as of vital significance for Tehran and Moscow.
IFP Exclusive

Iran’s Guardian Council rejects parliament bill on car imports

IFP Editorial Staff -
A spokesman for Iran’s Guardian Council has said in a tweet that the body has rejected a parliamentary bill to allow car imports.
IFP Exclusive

Raisi calls for expansion of economic ties with Venezuela

IFP Editorial Staff -
Iran’s President Ebrahim Raisi has described relations with Venezuela as strategic during a phone conversation with the country’s president Nicolas Maduro.
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